First of all, gold futures trading adopts a long-short two-way trading mechanism.
Secondly, gold futures trading meets the national standard GB/T4 134-2003, and the gold content is not less than 99.95%. In 2008, the Shanghai Stock Exchange stipulated that gold futures should be per lot1000g.
Thirdly, unlike T+ 1 trading in stock investment, gold futures are T+0 trading, that is, they can be sold on the day of purchase. No investment or financial management is guaranteed. Like stocks, gold trading has risks. So it is very important to learn basic knowledge. Currency symbol of gold
Currency symbol, you must first know which currency pair to fry. What if both currency pairs are in English? These are some currency symbols. The most basic thing to speculate in gold is to know the gold symbol and its exchange rate. Earn profits according to the increase or decrease of exchange rate ratio. After learning the basics, let's learn about the composition of the gold market. Like other commodities, the gold market is also composed of the most basic supply and demand sides, but gold is different from other commodities and its market structure is very complicated. There are not only gold suppliers and demanding enterprises and individuals, but also central banks, commercial banks and various investment institutions, as well as professional gold traders and brokers engaged in agency business. The most basic part of the gold market, in which the suppliers are mainly gold mines and gold smelting enterprises, and the demanders are mainly gold products manufacturers and jewelers. Gold reserve is also the formulation and implementation institution of monetary policy and an important force affecting the gold market. When the central bank needs to increase its gold reserves, it is an important demander of the gold market, and when the central bank wants to reduce its gold reserves, it is also an important supplier of the gold market. Central banks in major western countries generally mainly sell gold, while R is engaged in "lending gold business", and more often appears as a supplier. Commercial banks: Commercial banks have multiple identities in the gold market. The gold business of commercial banks is very complicated. Some of their businesses are to carry out the gold business of the central bank, and some are to carry out the gold business on behalf of customers. From this point of view, commercial banks are important intermediaries in the gold market, and their agency business covers both gold wholesale and gold retail. On the other hand, commercial banks also have some gold self-operated businesses and the status of gold self-dealers. Financial investment instruments are also an indispensable and important investment variety in investors' investment portfolio. There are a lot of gold investors in the world, including institutional investors and individual investors. The most important funds among institutional investors include the following two categories: ① Traditional funds: traditional commodity funds and hedge funds.
② Exchange-traded Gold Fund (ETFS): This is a new fund in the securities market in recent years. The fund issues fund shares in the securities market, and then invests the funds raised by the fund in gold. Usually, each fund unit is equal to 65,438+0/65,438+00 ounces of gold. Intermediaries in gold market: such as gold exchanges, agents, brokers, market makers, etc. Intermediaries play the role of organizing transactions, serving investors and communicating with all parties involved in the market, and only play the role of activating market transactions and giving full play to the functions of the gold market from summer to sun. From the composition of the gold market, we can see that the global gold supply mainly consists of three parts: one is mineral gold, which is a new gold in the world; Second, the central bank sells gold, that is, the gold reserves of various countries flow to the market; Third, the recovered gold, that is, the gold held by consumers (mainly jewelry) has become money.
The demand for gold mainly consists of two parts: one is gold processing and industrial mining, that is, the actual consumption part; The second is the demand for gold investment, including the increase of gold reserves by the central bank and the investment demand of institutional and individual investors. Trading plays an important role in the role of the gold market. 201212 On February 6, domestic gold futures surged and plummeted after listing, and closed down across the board on the day of listing; Spot gold and spot silver also operated weakly and closed down across the board.
June delivery contract 20 12, the most active gold futures transaction in Shanghai Futures Exchange, opened sharply lower in early trading, reporting 344.35 yuan per gram. After the opening, it rose slightly to the highest point of the day of 344.9 yuan per gram, and then fluctuated. Late trading fell to the lowest point of the day, 342.9 1 yuan per gram, and finally closed at 343.6 yuan per gram, down 1.85 yuan from the settlement price of the previous trading day, with a decrease of 0.54%.
The remaining inactive contracts closed down across the board. The relatively active February delivery contract 20 12 12 closed at 337.8 1 yuan per gram, down 0.37% from the settlement price of the previous trading day.
The data shows that gold futures trading was more active that day. Up to the close, * * * 9 lots, * * 54,686 lots, clinched a deal 1, 88.80438+0 billion yuan. Operating characteristics: gold futures in June and 65438+February became the main contracts (as shown in the figure, silver futures also have similar characteristics).
After the listing of gold futures products in Shanghai Futures Exchange, a special situation has gradually formed that gold futures contracts become the main contracts alternately in June and February. As of June 20 13, 12 and 16, the first two main contracts were gold 1406, 170670 and gold 65437 respectively.